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Forex market session indicator

Forex market session indicator

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Author:

OldZ

This indicator draws the major four forex session:

  • Sydney,
  • Tokyo,
  • London,
  • New York.

It is obvious that the market usually moves in a narrow range during Sydney and Tokyo session, and it ofen moves powerfully during London and New York session, so we have to take different strategies during different sessions. This indicator is designed to draw each session with color lines.

It has 3 external input parameter:

  • LocalGMT: it is the GMT offset of your local time zone.
  • BrokerGMT: it is the GMT offset of the broker's MT4.
  • ShowText: if true,it will show each session based on local time on the top left corner.

The blue line represents Sydney session, the yellow represents Tokyo session, the green represents London session and the red represents New York session.

forexsession2_small.gif
Author
Salvador
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